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Tesla, Inc. (NASDAQ:TSLA) shares are falling Thursday after a mix of broader industry developments and company-specific issues weighed negatively on investor sentiment. Here’s what you need to know.
What To Know: The U.S. National Transportation Safety Board (NTSB) recently announced an investigation into a recent crash involving a Tesla Semi truck in California. The accident, which occurred on August 19, resulted in the vehicle's battery catching fire and caused a significant traffic disruption. As Tesla prepares to ramp up production of the Semi by the end of 2025, this incident raises concerns about the safety and reliability of its new vehicle models.
Additionally, Tesla has delayed the rollout of its Full Self-Driving (FSD) technology for the Cybertruck. Initially expected to be available in late June, the FSD feature is now scheduled for release in September. CEO Elon Musk has previously provided multiple timelines for the FSD rollout.
What Else: Over the past month, traders have targeted a price range between $210.00 and $230.00 for Tesla. The options trades have been a mix of bullish and bearish sentiments, with some investors betting on a decline and others anticipating a rebound.
TSLA Price Action: Tesla shares were down by 5.04% at $212.02 according to Benzinga pro.
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Photo courtesy: Tesla Inc.
Posted In: TSLA
